| Risk and valuation analysis of the New Polaris Project |
| Status Risk : Feasibility |
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| Title(s) of the New Polaris Project |
 | Canarc Resource Corp.
Interest: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Canarc holds a 100% interest in 61 crown granted mineral claims and 1 modified grid claim totaling 2,956 acres. The project is subject to a 15% net profits interest to Rembrandt Gold Mines, which Canarc can reduce to 10% NPI. |
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| Location of the New Polaris Project |
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The New Polaris project is situated in northwestern British Columbia, 100 km south of Atlin, B.C., and 60 km east of Juneau, Alaska, on the west bank of the Tulsequah River near the B.C. - Alaska border.
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| History of the New Polaris Project |
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Prospectors discovered gold at the mine site in 1929. The New Polaris mine, then known as Polaris Taku mine, was built in 1936 and commissioned a year later. It operated until 1942, shut down due to World War II, and then restarted in 1946 and operat more...
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| Geology of the New Polaris Project |
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Gold is occluded in finely disseminated arsenopyrite that permeates the silica/sericite/fuchsite-altered wall rocks of almost barren quartz-carbonate veins. The white quartz-carbonate veins developed late in the mineralizing hydrothermal system and a more...
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